China Business News: Valin Steel to issue RMB 1.5 bln in short-term financing bills

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Valin Steel to issue RMB 1.5 bln in short-term financing bills

Sep. 23, 2009 (China Knowledge) - Chinese steelmaker Hunan Valin Steel Co Ltd<000932> on Tuesday announced that it will issue short-term financing bills worth up to RMB 1.5 billion to institutional investors on the interbank market on Sep. 25. The company said in a statement filed with the Shenzhen Stock Exchange that the bills will have a maturity of 365 days and the yield will be determin

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